8538 Hopkins Circle UNIT EMyrtle BeachSC29575
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Myrtle Beach at 8538 Hopkins Circle UNIT E, Myrtle Beach, SC, 29575 priced at $205,000 pairs $1,707/mo rent with $82/mo cash flow after a $1,003/mo payment. Total monthly income equals $1,707/mo, and annual cash flow comes to $985/yr on $67,958 invested. Return on cash invested is 21.36% in year one, and rental yield stands at 9.99% on a $205,000 basis. Equity gained on principal adds $1,323/yr, and 5% annual appreciation accumulates to $56,638 by year five. Five-year ROI measures 112.98% and total cumulative return in cash reaches $76,782. For financing, Ziffy Mortgage’s DSCR program evaluates $1,707/mo property income against a $1,003/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$405 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29575, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,239 (100%) |
| Owner Occupied HU | 7,983 (49.2%) |
| Renter Occupied HU | 2,316 (14.3%) |
| Vacant Housing Units | 5,940 (36.6%) |
| Median Home Value | $357,758 |
| Average Home Value | $393,262 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,908
Multi-Family
2,715
Businesses
702
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Listed by: Bryan Ricci • McClure Group Realty LLC
Mls Name: CCAR
Mls Provider:
Mls ID: #2504294
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.